Albertsons settles Haggen’s $1 billion lawsuit for $5.75 million

Originally published January 22, 2016 at 3:43 pm
Updated January 22, 2016 at 11:25 pm

Haggen filed for bankruptcy protection last August after its massive expansion hit the rocks. (Mark Harrison/The Seattle Times)

The settlement was reached on Thursday, according to a document filed with the Securities and Exchange Commission on Friday. It would eliminate one of the legal uncertainties hanging over the dismantling of Haggen’s failed West Coast empire.